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Updated over 8 years ago,
getring insurance for properties held in foreign state
Hi and thank you in advance for your help.
I have an LLC in state A. It is fully registered, has EIN, bank account, everything.
I am planning to purchase a buy-to-let property in state B. I am told that I can't buy this property through the LLC registered in state A because I will not get an insurance. Insurance companies will demand that LLC and property be located in the same state. That absurd LLC in state A can be registered in state B a foreign entity. That's I was planning to do.
> Does anyone know about insurance companies practice ?
thanks Jack